A few years ago I came upon a blog post or article somewhere that showed how much money it would take to buy rentals to meet the income of a traditional 4% rule retirement account.

The tenants will use a card to pay, the third party will collect the payments and payout 50% of the gross income to the landlord.There third party will pay landlord $250 in decorating costs and require landlord to make the laundry room accessible to tenants between the hours 0700-2200. 

Think your expenses are light - you might try running it again with 50% expenses and see what you come up with.  

If not, you might look for another agent who is understanding of the principle of a property paying for itself; one who also owns investment properties.I use the 1% rule before looking closer at a property, because my area fits this test: the monthly rents have to be 1% of the list price.

The reason is I know which lenders:do a good jobstay on top of the necessary tasksknow how to be creative within the rules (some people don't fit into the standard mold of a buyer, and some lenders don't know how to get them approved, and some lenders know how to get them approved)and which lenders can actually close deals.Another reason is, as someone like you who wants to house hack, not all lenders are experienced in it.

A sink included with the granite order seems more feasible now that I have talked with granite fabricators.Though, I am curious about the new sink: single basin, unequal sized dual basin, or 50/50 dual basin.

@Jesse Moore wholesaling is legal in all 50 states.

Hello,I have found the "HOA rules" but the California lease agreement includes that I should provide a copy of the "rules and regulations," what is customary to include there?

Account Closed you have 2 items here to be aware of:Banks don't make a lot of money on smaller loans (so many don't write them)Buying with cash has a lot of rules to it (delayed financing, etc.)It might be hard to find a smaller lender in the area of the property so try to post on the Michigan forum to see if anyone can help with it. 

Our home value has increased by about 50% per Zillow and Redfin estimates.